Mark Cuban’s secret to launch successful things: ‘It doesn’t matter how often you fail, you only have to be right once, only once’

Billionaire -investor Mark Cuban Shared his wisdom about starting a flourishing company without any first capital, drawing from his own early entrepreneurial trip.

What happened: Cuban shared his first business enterprise prior to his triumph with micro solutions. At the age of 24 he tried to put powder -shaped milk on the market, a company that lasted only 30 days as a result of the consumer disinterest.

Despite the setback, Cubaan has gained a crucial lesson about perseverance in the business world. “It doesn’t matter how often you fail. You only have to be right once. Once,” he shared With Emma Grede on her podcast “Aspire”.

“I remember that I had taken monsters to people, it mixes like: ‘Look, Milk is expensive. We are brutal, right? This will save your money. And just sees the look on their face. Point,” he said.

He then launched micro solutions, which he sold for $ 6 million at the age of 32. His next company, broadcast.com, was sold for no less than $ 6 billion. According to Forbes, Cuban’s estimated assets today is $ 6 billion.

Also read: Mark Cuban says his children are struggling with the disadvantages of his wealth: “Not that they want to be poor, but it states an expectation”

Talk about how you can start the company if someone doesn’t have the money, Cuban said: “First you have to find the right product or service. If you don’t have money, probably [your business] Become a service. “

“Think of something that you do well, and a need that other people have, and combine the two. This can be teachings, freelance or graphic design, dog walks or social media management,” Cuban added during the podcast.

Why it matters: The advice of Cuban for budding entrepreneurs without capital is to use sweat equality. He recommends identifying a service that matches someone’s skills and market needs.

He also underlined the potential of artificial intelligence (AI) and claimed that if he started a business without money today, his focus would be on AI.

This insight is especially relevant in today’s rapidly evolving technological landscape, where AI is increasingly becoming a cornerstone of innovation.

Cuban’s emphasis on perseverance and adaptability, in combination with its approval from AI, offers a valuable route map for aspiring entrepreneurs who navigate through the complex world of business.

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